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08 March, 2012

CBDT exempts return‐filing for salaried having total income upto Rs 5 lakh


In exercise of the power conferred by sub‐section (IC) of section 139 of the Income‐tax Act, 1961 (43 of
1961), the Central Government hereby exempts those who are

1. Annual Total Grass income less than 5 lakhs.
2.  “Income from other sources”, by way of interest from a saving account in a bank, not exceeding Ten Thousand Rs .

Hence these classes of persons, subject to the conditions specified hereinafter,  from  the  requirement of  furnishing a  return of  income under  sub‐section  (1) of section 139 for the assessment year 2012‐13


NOTIFICATION NO 9/2012, Dated: February 17, 2012.

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